June 3 (Reuters) - Ora Gold Ltd OAU.AX :
* COMPLETED PLACEMENT TO SOPHISTICATED & PROFESSIONAL INVESTORS RAISING $1 MILLION AT ISSUE PRICE OF $0.014 PER SHARE
* WILL OFFER SHARE PURCHASE PLAN TO RAISE $1.0 MILLION ON SIMILAR TERMS AS PLACEMENT
* FUNDS FROM PLACEMENT & SPP TO BE USED IN CROWN PRINCE, LYDIA AND ABBOTTS GOLD PROJECTS, AMONG OTHER THINGS